*yawn* have we solved scaling yet? no? ok. *rolls over and goes back to sleep*
what? i may not be a bear (market or otherwise) but i can hibernate too, dammit!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17396. (Read 26707056 times)
April 15, 2017, 12:35:00 PM
April 15, 2017, 10:48:53 AM
shaking weak hands. ordinary days.
It's Easter guys, just hold
It's Easter guys, just hold
April 15, 2017, 10:47:22 AM
Up, up and awaaaaayyy
you are talking about that 3k buy order on finex ? something tells me that price on bitstamp or coinbase will go further down .. 
April 15, 2017, 10:09:21 AM
Up, up and awaaaaayyy
April 15, 2017, 09:38:00 AM
BTC isnt money tho ^^ its a store of value.
Nothing could be further from the truth. Bitcoin is a currency, not money. It's not a store of value. I already explained why:
You're acting like bitcoin has a finite supply. In theory it does, but not in practice since transaction fees are recycled and mining continues FOREVER. It's the equivalent of if platinum costs $1000 an ounce to mine at some point but people are recycling old cars and getting it for $100 an ounce. The lowest available price is the only one that matters. It doesn't matter if the cost of production was $1 million for a coin at some point. It's an open entropy system so if the cost of production goes to zero, people simply plug into the system and mine those recycled coins for free rather than paying you $1 million.
If there are no recycled fees to mine, it means the system was already dead in the first place. The act of making fees recycle is the equivalent of infinite supply, just with the store of value aspect of that supply resting on cost of production instead of scarcity. Each halving doubles cost of production, which enables you to increase price or lower mining input. If you run out of halvings and then lower cost of production, you should have a corresponding effect to devalue other already existing coins. Do you see now why cost of production actually does matter?
If there are no recycled fees to mine, it means the system was already dead in the first place. The act of making fees recycle is the equivalent of infinite supply, just with the store of value aspect of that supply resting on cost of production instead of scarcity. Each halving doubles cost of production, which enables you to increase price or lower mining input. If you run out of halvings and then lower cost of production, you should have a corresponding effect to devalue other already existing coins. Do you see now why cost of production actually does matter?
The thing is designed as some type of scheme where you need infinitely increasing cost of production to prevent it from imploding. Speaking of schemes, the people running Bitfinex are back putting up big walls with money that doesn't even exist again. Just Gox dollars in their internal system:
April 15, 2017, 09:28:13 AM
Bitcoin Domination
dominating the ALTs ...
... that's not the trend for 2017 ... trend is BTC is the high-end chip, for institutional players. ALTs are going to be the fast money, moving TX, at street level.Pump and dump highly centralized tokens aren't suitable to be used as money at street level.
If any "coin" is used at street level, it's going to be a govt issued digital slave token or silver and copper.
Gresham's law.
Bad money circulates. Good money gets HODLed.
Theory is that bad money drives good money out of the market right?
BTC isnt money tho ^^ its a store of value.
April 15, 2017, 09:26:26 AM
Bitcoin Domination
dominating the ALTs ...
... that's not the trend for 2017 ... trend is BTC is the high-end chip, for institutional players. ALTs are going to be the fast money, moving TX, at street level.Pump and dump highly centralized tokens aren't suitable to be used as money at street level.
If any "coin" is used at street level, it's going to be a govt issued digital slave token or silver and copper.
Gresham's law.
Bad money circulates. Good money gets HODLed.
April 15, 2017, 09:16:40 AM
Bitcoin Domination
dominating the ALTs ...
... that's not the trend for 2017 ... trend is BTC is the high-end chip, for institutional players. ALTs are going to be the fast money, moving TX, at street level.Pump and dump highly centralized tokens aren't suitable to be used as money at street level.
If any "coin" is used at street level, it's going to be a govt issued digital slave token or silver and copper.
April 15, 2017, 07:03:03 AM
Bitcoin Domination
dominating the ALTs ...
... that's not the trend for 2017 ... trend is BTC is the high-end chip, for institutional players. ALTs are going to be the fast money, moving TX, at street level.Pump and dump highly centralized tokens aren't suitable to be used as money at street level.
April 15, 2017, 06:33:38 AM
Bitcoin Domination
dominating the ALTs ...
... that's not the trend for 2017 ... trend is BTC is the high-end chip, for institutional players. ALTs are going to be the fast money, moving TX, at street level. April 15, 2017, 06:02:48 AM
https://btc.com/stats/pool/F2Pool
F2pool signaling for segwit again, but this guy is such a prick tease it's hard to take anything seriously any more.
F2pool signaling for segwit again, but this guy is such a prick tease it's hard to take anything seriously any more.
Some time ago, I noticed his whois admin address was only a 10 min walk from me.
Maybe I should turn up at his door with a few dozen beers and have a nice lil chat with him.
April 15, 2017, 05:20:52 AM
I think some prices in china are due to the withdrawal issue (you can withdraw in cash, not in btc - so you sell the btc to get your cash).
Not sure if they've allowed normal withdrawals.
Not sure if they've allowed normal withdrawals.
This case is long gone, btc withdraws were blocked only on okcoin.cn not okcoin.com, and the block was shifted like a month ago.
tell that to the chinese. by the looks of things they're all still waiting.
https://news.bitcoin.com/big-money-china-bitcoin-traders-wait-withdrawal/
April 15, 2017, 04:38:42 AM
https://btc.com/stats/pool/F2Pool
F2pool signaling for segwit again, but this guy is such a prick tease it's hard to take anything seriously any more.
F2pool signaling for segwit again, but this guy is such a prick tease it's hard to take anything seriously any more.
I agree. You can't trust Wang Chun. He is probably trolling again and mostly playing the market.
Therefore I don't give that guy much of attention anymore.
April 15, 2017, 04:11:38 AM
I think some prices in china are due to the withdrawal issue (you can withdraw in cash, not in btc - so you sell the btc to get your cash).
Not sure if they've allowed normal withdrawals.
Not sure if they've allowed normal withdrawals.
This case is long gone, btc withdraws were blocked only on okcoin.cn not okcoin.com, and the block was shifted like a month ago.
$200 dollars gap between some of main exchanges(okcoin- finex)
this is madness
this is madness
There is 100$ difference between weekly OKC contracts and finex, where did you get that 200 from?
April 15, 2017, 12:59:25 AM
2nd SW block by F2Pool, will it last ?
April 14, 2017, 10:44:53 PM
https://btc.com/stats/pool/F2Pool
F2pool signaling for segwit again, but this guy is such a prick tease it's hard to take anything seriously any more.
F2pool signaling for segwit again, but this guy is such a prick tease it's hard to take anything seriously any more.
April 14, 2017, 09:20:40 PM
$200 dollars gap between some of main exchanges(okcoin- finex)
this is madness
this is madness
I think some prices in china are due to the withdrawal issue (you can withdraw in cash, not in btc - so you sell the btc to get your cash).
Not sure if they've allowed normal withdrawals.
April 14, 2017, 06:11:03 PM
what the heck has the price so disparate at finex? (i haven't been on the forum or following news for a week or so...)
My tentative theory is that the dumps of the last few days have been sort of renegade dumps, and accordingly there is a considerable difference of opinion between whales about whether we are going up or going down, and different whales have made their bets in opposite ways and they are not quite ready to give up yet.
Yeah, right we can have manipulation in bitcoin, and we know that manipulation happens, but sometimes the various whales are not on the same page.. and which way is this going to resolve?
I was kind of resolved towards resolving upwards - but the longer that it carries out, I begin to lose some confidence in my own inclinations.
The next 24 hours are critical.
O.k. Here's my new tentative theory.
Maybe TPTB (the powers that be) Bitstamp and Bitfinex whales are going to:
1) meet somewhere in the middle,
2) give each other a little kiss,
3) whisper in each others' ears,
4) and then from there, decide whether we are going to be going UP or DOWN.
A good theory? Or does someone believe that we are going to get some kind of resolution to this price disparate situation before quasi incompetent and indecisive TPTB whale wannabes meet?
April 14, 2017, 05:01:34 PM
$200 dollars gap between some of main exchanges(okcoin- finex)
this is madness
this is madness
We all already knew Finex was backed by fraud and just about any Chinese monetary instrument is fraud^2. One of the exchange owners is probably naked long by millions of dollars while the other is naked short millions of dollars.
In order to have whales battling it out, they do not necessarily need to be engaging in insider trading - even though that is possible, it is not a necessary condition in order to have sets of whales battling it out and sets of whales believing in the opposite direction..
In the end, which direction is going to win, or will we just end up consolidating for a little while until one side or another can gather some more ammunition?
price will stay the same, people will be too busy with other things that won't sell neither buy BTC and the volume will be 0
April 14, 2017, 03:55:01 PM
It must be a trick by the whales, hmmm CONSPIRACY!!
I'm not a whale. I'm a minnow. However, if you can refer any whales my way, I'd love to get paid to FUD.
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